Our fifteenth cohort

If you are a company wanting to find out more about the accelerator and Cohort 15, please sign up to join one of our virtual Open Houses. Join us on 11 June at 10:00 – 11:00 BST or 26 June at 16:00 – 17:00 to hear from the Lab team, a cohort alumni and a accelerator mentor.

1. Adapting to a changing world

Why this matters

Our recent assessment of Managing Agents' Own Risk and Solvency Assessments (ORSAs) revealed the most pressing challenges facing the insurance industry today. These emerging risks require innovative approaches to maintain market resilience and create new opportunities.

95% of Managing Agents identified at least one of these risks as having potential material impact on their business within the next 3 years.

The most critical emerging risks identified by Lloyd's Managing Agents include:

• Technology disruption: Artificial Intelligence and emerging technologies are transforming risk landscapes while creating new vulnerabilities
• Environmental challenges: Climate change and "forever chemicals" are creating complex, long-term exposures that traditional models struggle to quantify
• Global instability: Geopolitical risks and inflation are creating market volatility and supply chain vulnerabilities
• Cyber threat evolution: Sophisticated attacks continue to outpace defensive capabilities and coverage solutions

We are seeking solutions that address these critical emerging risks, this can include (but is not limited to):

• Novel approaches to cover emerging risks  
• Bundled products that combine insurance with risk mitigation services 
• Parametric structures that respond to emerging risk triggers 
• Technologies providing superior risk selection, modelling or pricing for emerging risks 

Examples of current market gaps that your solution could address:

• Generative AI liability attribution and quantification
• Climate transition financial protection
• Supply chain resilience against geopolitical disruption
• Advanced persistent threat (APT) cyber coverage

2. Traditional lines for today

Why this matters

Lloyd's legacy insurance lines need modernisation to remain relevant and competitive. These traditional products face key challenges: evolving customer expectations, changing risk landscapes, the data revolution, regulatory evolution, and climate change impacts.

Lloyd's began 336 years ago insuring ships, later expanding to other insurance lines that have formed what we know as the traditional lines that we cover today. However, these lines are increasingly challenged by new risk realities.

We are seeking solutions to ensure traditional insurance lines are suitable for today, this can include (but is not limited to):

• Enhanced coverage structures that address emerging gaps in traditional policies
• Superior customer experiences within established insurance classes
• Parametric triggers intelligently integrated into traditional coverage models
• Technological improvements that bring traditional lines into the digital age

Examples of current market gaps that your solution could address:

• Marine: Solutions addressing autonomous vessels and alternative fuels
• Property: Advanced catastrophe modelling incorporating climate change impacts
• Casualty: Innovative approaches to social inflation and liability evolution
• Specialty lines: Modernisation of coverage for digital assets and services

3. Data intelligence & process transformation

Why this matters

As the world's leading insurance marketplace processing over £55.5 billion in premium annually, Lloyd's success depends on superior data utilisation, efficient processes, and seamless market interactions. In an increasingly competitive environment, we must elevate both our analytical capabilities and operational effectiveness to maintain our position as the premier specialty insurance market.

Lloyd's ecosystem of over 50 leading insurance companies, 200 registered brokers and 4,000 coverholders creates unique opportunities to enhance how we utilise data and optimise market operations.

We are seeking solutions that transform our data capabilities, this can include (but is not limited to):

Advanced data intelligence

• Predictive analytics leveraging non-traditional data sources to enhance risk selection and pricing
• AI-powered models that identify emerging claim patterns and market trends
• Integration of external datasets (satellite, IoT, etct) into underwriting workflows
• Cross-market data frameworks that maintain compliance while enabling deeper insights
• Innovations that expand market access to underserved segments or risks

Process Reimagination

• Automated document processing and workflow optimisation
• Payment solutions streamlining premium and claims transactions
• Solutions enhancing broker-underwriter collaboration
• Technologies improving transparency and efficiency across the market ecosystem
• Solutions that elevate the experience for brokers, coverholders and policyholders

If you have any questions about Cohort 15 or want to be a mentor, please email us: